Militia Capital Management LLC Makes New $1.81 Million Investment in Cavco Industries, Inc. $CVCO

Militia Capital Management LLC purchased a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,740 shares of the construction company’s stock, valued at approximately $1,811,000.

A number of other institutional investors also recently modified their holdings of CVCO. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cavco Industries in the fourth quarter worth $46,000. Kemnay Advisory Services Inc. bought a new stake in shares of Cavco Industries during the 4th quarter worth $50,000. Los Angeles Capital Management LLC acquired a new position in Cavco Industries in the 4th quarter valued at $54,000. Osaic Holdings Inc. grew its stake in Cavco Industries by 118.2% in the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after buying an additional 65 shares during the last quarter. Finally, Danske Bank A S bought a new position in Cavco Industries in the 3rd quarter worth $58,000. Institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In other news, EVP Allison Aden sold 1,473 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $625.00, for a total transaction of $920,625.00. Following the transaction, the executive vice president owned 9,147 shares in the company, valued at approximately $5,716,875. The trade was a 13.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kerley sold 500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $588.76, for a total transaction of $294,380.00. Following the transaction, the director directly owned 6,169 shares of the company’s stock, valued at $3,632,060.44. This represents a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,541 shares of company stock valued at $2,121,932 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Cavco Industries Stock Performance

CVCO opened at $547.03 on Monday. Cavco Industries, Inc. has a 1-year low of $397.38 and a 1-year high of $713.01. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 23.80 and a beta of 1.29. The business has a 50 day moving average of $573.73 and a 200-day moving average of $550.87.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.69 by ($0.26). Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%.The company had revenue of $609.96 million during the quarter, compared to analyst estimates of $590.54 million. Equities analysts predict that Cavco Industries, Inc. will post 24.5 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CVCO. UBS Group assumed coverage on shares of Cavco Industries in a research report on Friday, June 5th. They set a “buy” rating and a $700.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cavco Industries in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $625.00.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.